Re: The ebook - Not sure which thread you're referring to, but feel free to put the link there.
andyfuller wrote:From what I have read where you talk about sports markets and your trend following I would say you stick to a to rigid view point and need to be more flexible with it.
On the contrary, I keep an open mind. To cut a long story short, I believe trend following has its limitations, and I certainly won't be using pure trend following when trending the financials.
And if someone can show me why trend following doesn't work, or convince me that there's a better method out there, then I'm all ears. But as there are several billionaire trend followers who have been using simple trend following techniques for years, I doubt I'll come across anything they've missed.
andyfuller wrote:I don't care what the reason behind a trade is, only thing I care about is making some money from the trade.
Agreed. But long-term, if the maths isn't on your side, you'll lose money. Clearly, the maths is on your side, as you profit consistently. However, when you trade intuitively, all you are doing is exploiting market irrationalities, even if you don't know why what you're doing works (and that's not to belittle it - it's more than I've managed to do!).
BTW, Betfair is different to the financial markets inasmuch as it's possible to scalp for a 1 tick profit, and to scratch your trade for a net zero position. So that creates possibilities that don't exist in the financials, in that you can engage in market making as well as swing trading.
Tell me, what is your answer to the question: 'What is the nature of the markets on Betfair?'